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STMicro's Net Profit
Rose 30% in Quarter

Dow Jones Newswires

Updated Jan. 26, 2005 7:00 p.m. ET

NEW YORK -- STMicroelectronics NV's fourth-quarter net income increased nearly 30% as revenue growth outpaced a rise in expenses.

In a press release Wednesday, the company said net income rose to $187 million, or 20 cents a share in the quarter, compared with $144 million, or 16 cents a share, in the year-ago period. Net profit matched the...